Oral question asked in the House of Commons, by James Clappison (Conservative). It was answered on Tuesday, 29 April 2014 on behalf of the Treasury.
Saving
- Question
-
As the Government’s long-term economic plan unfolds successfully, will my right hon. Friend consider giving further encouragement to savers through ISAs? Savers have warmly welcomed the greater flexibility that he has introduced with the new ISA regime.
- Answer
-
Alongside the flexibility in and access to pension pots, we have increased the limit for both ISAs to £15,000. The new ISA will come in at the beginning of July and there will be complete flexibility in transferring funds from equity ISAs to cash ISAs. Of course, we have also abolished the 10p savings rate. Unlike the shadow Chancellor, when we abolish a 10p rate we get rid of it altogether, rather than doubling it.
Secondary information
- Type
- Oral question
- Reference
- 579 c682
- Session
- 2013-14
- Oral question type
- Supplementary
- Chamber / Committee
- House of Commons chamber
- Subjects
- Personal savings
- Link
- View this Oral question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-13 17:41:48 +0000
- URI
- http://hansard.intranet.data.parliament.uk/Commons/2014-04-29/14042948000056
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Commons/2014-04-29/14042948000056
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Commons/2014-04-29/14042948000056